US Inflation Remains Elevated as Consumer Spending Continues
TL;DR Summary
In July 2025, U.S. personal income increased by 0.4%, driven mainly by higher wages and compensation, with personal consumption expenditures rising by 0.5%. Personal savings stood at $985.6 billion, and the PCE price index increased modestly by 0.2%. The BEA will release updated economic data later in September, including revised GDP figures.
Topics:business#consumer-spending#economic-update#economy#july-2025#personal-income#personal-outlays
- Personal Income and Outlays, July 2025 U.S. Bureau of Economic Analysis (BEA) (.gov)
- Core inflation rose to 2.9% in July, highest since February CNBC
- Inflation is climbing. Trump might still get lower rates. Politico
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
- Americans kept spending last month despite elevated inflation CNN
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Read on U.S. Bureau of Economic Analysis (BEA) (.gov)